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AUD/USD rally off 2015 low intact but more pullback likely

AUD/USD sets new high May 14 but closes down & RSI diverges, down again today Rally off 2015 low intact but more pullback likely, day RSI needs to unwind 0.7950/70 (5/13 low, 10-DMA) initial support then 0.7860/0.7910 zo…

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  • AUD/USD sets new high May 14 but closes down & RSI diverges, down again today

  • Rally off 2015 low intact but more pullback likely, day RSI needs to unwind

  • 0.7950/70 (5/13 low, 10-DMA) initial support then 0.7860/0.7910 zone

  • Lows May 7-12, 21-DMA, Trend-Line off 4/14 low reside there

  • Sub-0.7785/90 likely means rally done and return to April low due

  • Long-Term chart still leans bullish, momentum with bulls & spreads at wides

  • 200DMA & Jan high test still possible 

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